Putin says Russian recession should not be “in any conditions” Business and economic news

Russia’s economy should not slide in a decline, President Vladimir Putin has slowly warned growth to grow after economists.

Putin, including government ministers and central bankers, including state ministers and central bankers, on Friday, “stagnation and even the risk of recession of experts on Friday said.

“It should not be allowed to happen in any circumstances,” he said.

“We must implement a competent, well-thought-out budget, tax and monetary policy,” he said.

Minister of Economy Maxim Reshetnikov said that on Thursday that the economy is on the verge of landslides and determines whether the money policy decisions are or not.

In October, the Russian bank has increased to the highest level to the highest level to curb high inflation since the early 2000s, and in early this month.

In addition, economists warned the economy for months and in the first quarter of 2025 to a few months of extending the slowest quarterly expansion in two years.

However, the Kremlin said that military spending was slow to slow down the war for financing the war against Ukraine for two years.

However, Putin rejected the defense industry only managed the economy. “Yes, of course, the defense industry played in turn, but also finances and IT industries,” he said.

He added that the economy was needed by “balanced growth”, officials called “close-up to all indicators of our companies and even our personal enterprises.”

At the same time, Deputy Prime Minister Alexander Novak said that the proportion of “(percentage)” (percentage) in Friday, “he said.

Sberbank, General Director of Sberbank Sber.mm, which gave Russia’s largest lender, has also reduced the faster rate to promote companies for investment.

The growth of military industries

Putin used the annual economic forum to emphasize Russia’s economic prowl and sent Western executors to Ukraine in 2022, leaving troops to Ukraine, Asia, Africa and Latin America.

The economy hit the killing of Western sanctions, so far he preferred forecasts. High defense costs have accelerated growth and kept unemployment in despite inflation.

Great attractive bonuses for military appeals and deaths for the deaths of the murder in Ukraine have also earned more revenue from the country’s poor. However, the lack of long-term, inflation and foreign investment creates threats for the economy.

Economists warned the possibility of stagnation due to the lack of pressure on the economy and in addition to the military unit.

Putin said that the growth of military fields helped the development of new technologies available in the civil sector.

He promised to continue military modernization by relying on the classes studied during the war in Ukraine.

“We will use new technology to increase combat capabilities of the Russian Armed Forces, modernize military infrastructure, (and) provide them with the latest technology and weapons and equipment.”

“At the same time, we intend to develop military-technical cooperation with friendly countries. We are not only about the creation of joint development, staff training and shift enterprises and production facilities, but we also speak.